• Trading at the highest level since September 2018
• Gains as much as 5.7% to Rs 778.55
• Up for the second straight day
• Has gained in 10 out of the last 13 trading sessions
• Up 24% in the last 13 trading sessions
• Today's volumes are 6 times higher than its 30-day average
• Stock in overbought territory with Relative Strength Index (RSI) at 85
• Has gained more than 85% from its 52-week low of Rs 420 on March 23, 2020
• 24 out of the 34 analysts tracking the stock have a buy recommendation; 4 sell calls
• The stock trades 17.7% higher than its 12-month consensus price target of Rs 636.8, implying a negative return potential

• Benchmark indices surge to the day's high
• Nifty up 1.8% at 10,802
• Sensex up 1.9% at 36,723
• Nifty Bank up 2.1% at 21,843
• Nifty Midcap Index up 0.77%
• Nifty Smallcap Index up 1.4%
• India Volatility Index down 2.85% to 25.87
• Nifty I.T. extends gains; up 5.2%
• Nifty Metal, is the other sectoral gainer; up 1.4%
• Nifty Realty is the only sectoral laggard; down 0.4%
• Wipro remains the top Nifty gainer; up 15.3%
• Zee Entertainment is the top Nifty laggard; down 1.9%
• 1,181 stocks on the NSE trade with gains while 567 decline

• Nifty July futures add 9.6% and 10.5 lakh shares in Open Interest.
• Nifty Bank July futures add 4.3% and 70,075 shares in Open Interest.

Nifty: July 16 Expiry

• 10,800 Call: Premium up 186% to Rs 69.2. The contract has shed 74,475 shares in Open Interest.
• 10,700 Put: Premium down 80.5% to Rs 24.85. The contract has added 30 lakh shares in Open Interest.
• 10,700 Call: Premium up 186.4% to Rs 138.2. The contract has shed 13.6 lakh shares in Open Interest.

Nifty Bank: July 16 Expiry

• 22,000 Call: Premium up 96.4% to Rs 210. The contract has added 1.6 lakh shares in Open Interest.
• 21,000 Put: Premium down 81.9% to Rs 26.8. The contract has added 4.9 lakh shares in Open Interest.
• 21,500 Put: Premium down 76.1% to Rs 84.7. The contract has added 3.62 lakh shares in Open Interest.

The Delhi High Court's division bench has dismissed Essel Group's appeal against the single judge order.

The court has allowed IDBI Trusteeship to sell Zee Entertainment and Dish TV's shares pledged with it.

The Essel Group had argued that the single judge order failed to account for the extraordinary situation caused by the Covid-19 pandemic.

The Division bench said that by no measure, the single judge order appears against the law.

Shares of Zee Entertainment gave up gains to fall as much as 1.6% to Rs 163.65, post the announcement.

Shares of Dish TV trade 2.7% higher at Rs 7.65.

• Second best performer on the Nifty I.T. Index
• Gains the most in over two months
• Trades at the highest level in four months
• Gains as much as 7% to Rs 1,649
• Snaps a two-day losing streak
• Has gained in eight out of the last 10 trading sessions
• Up 19% in the last 10 trading sessions
• Has more than doubled from its 52-week low of Rs 735 on March 24, 2020
• 13 out of the 23 analysts tracking the stock have a buy recommendation; 2 sell calls
• The stock now trades 15% higher than its 12-month consensus price target of Rs 1,392.1, implying a negative return potential